年度報告 Annual Report 2019 * 泸州银行股份有限公司 並非香港法例第155章 《銀行業條例》 所指認可機構,不受香港金融管理局的監督,亦不獲授 權在香港經營銀行╱接受存款業務。 * Luzhou Bank Co., Ltd
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年度報告 ANNUAL REPORT 2019 * 泸州银行股份有限公司並非香港法例第155章 《銀行業條例》 所指認可機構,不受香港金融管理局的監督,亦不獲授 權在香港經營銀行╱接受存款業務。 * Luzhou Bank Co., Ltd. is not an authorised institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on banking/deposit-taking business in Hong Kong. Contents Corporate Overview 2 Accounting Data and Financial Indicators Summary 4 Chairman’s Statement 6 President’s Statement 8 Management Discussion and Analysis 10 Changes in Share Capital and Information on Shareholders 52 Directors, Supervisors, Senior Management and Employees 58 Corporate Governance Report 80 Directors’ Report 110 Report of the Board of Supervisors 120 Important Events 124 Independent Auditor’s Report 125 Statement of Comprehensive Income 131 Statement of Financial Position 132 Statement of Changes In Equity 133 Statement of Cash Flows 134 Notes to the Financial Statements 136 Unaudited Supplementary Financial Information 253 Definitions 255 2 Luzhou Bank • ANNUAL REPORT 2019 Corporate Overview I. CORPORATE PROFILE (i) Legal Names 1. Legal Chinese name: 瀘州銀行股份有限公司 (Abbreviation in Chinese: 瀘州銀行) 2. Legal English name: LUZHOU BANK CO., LTD. (Abbreviation in English: LUZHOU BANK) (ii) Registered Capital: RMB2,264,793,385 (iii) Legal Representative: Mr. YOU Jiang (iv) Authorized Representatives: Mr. LIU Shirong, Ms. SO Shuk Yi Betty (v) Joint Company Secretaries: Mr. LIU Shirong, Ms. SO Shuk Yi Betty (vi) Listing place of H shares: The Stock Exchange of Hong Kong Limited (vii) Abbreviated Stock Name and Stock Code: LUZHOU BANK (1983.HK) (viii) Registered Address: Building 1, No. 18, Section 3, Jiucheng Avenue, Jiangyang District, Luzhou, Sichuan Province, the PRC (ix) Principal Place of Business in Hong Kong: 40th Floor, Sunlight Tower, No. 248 Queen’s Road East, Wanchai, Hong Kong (x) Contact Address: Building 1, No. 18, Section 3, Jiucheng Avenue Jiangyang District, Luzhou, Sichuan Province, the PRC Post Code: 646000 Website: www.lzccb.cn (xi) Address for Inspection of this Annual Report: Office of the Board of Directors of the Bank (xii) Auditor: International: PricewaterhouseCoopers Address: 22/F, Prince’s Building, Central, Hong Kong Domestic: PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership) Address: 11/F, PricewaterhouseCoopers Center, 2 Corporate Avenue, 202 Hu Bin Road, Huangpu District, Shanghai, PRC (xiii) PRC Legal Advisor: JunHe LLP, Shanghai Office (xiv) Hong Kong Legal Advisor: King & Wood Mallesons (xv) Compliance Advisor: TC Capital International Limited (xvi) H Share Registrar and Transfer Office: Computershare Hong Kong Investor Services Limited (xvii) Registration Date: September 15, 1997 (xviii) Registration Authority: Luzhou City Administration for Industry & Commerce in Sichuan Province, the PRC (xix) Unified Social Credit Code: 91510500708926271U ANNUAL REPORt 2019 • Luzhou Bank 3 Corporate Overview (xx) Financial License Institution Number: B0210H251050001 (xxi) Customer Service and Complaints Hotline: 0830-96830 (xxii) Tel: 0830-2362606 (xxiii) Fax: 0830-3100625 (xxiv) E-mail: [email protected] II. CORPORATE INFORMATION Headquartered in Luzhou, the PRC, Luzhou Bank was established on September 15, 1997 as approved by the PBoC. The Bank has one branch in Chengdu, the PRC as well as seven primary sub-branches and 28 secondary sub-branches in Luzhou, the PRC. As at the end of the Reporting Period, our total assets amounted to RMB91,681 million; our total loans and advances to customers amounted to RMB44,759 million, and our total deposits from customers amounted to RMB61,437 million. Our H shares have been listed on the main board of Hong Kong Stock Exchange on December 17, 2018 (stock code: 1983). III. MAJOR HONORS ACHIEVED IN 2019 Study and Practice Concerning Monitoring Model for Operational Risks of Small and Medium Commercial Banks 《中小商業銀行操作風險監測模型研究與實踐》( ) was rated by the General Office of CBIRC as National Class 4 Achievement in January 2019. “Advanced Industrial Targeted Poverty Alleviation Collective (產業精準扶貧先進集體)” granted by The People’s Bank of China Chengdu Branch and Sichuan Labour Union in February 2019. One of the First 28 Commercial Banks in China to Pilot Mobile Number Payment determined by Clearing Center of PBoC in February 2019. The “Rong e Dai” Innovation Case won the “Top Ten Consumer Financial Innovation Award (十佳消費 金融創新獎)” of the 2019 China Financial Innovation Award in May 2019. “Best Financial Inclusion Award of the Year (年度最佳普惠金融獎)” granted by Sichuan Banking Association in July 2019. “2018 Advanced Unit of Financial Poverty Alleviation (2018年度金融扶貧工作先進單位)” granted by the CBIRC Sichuan Office in August 2019. We won Third Prize in the Attack and Defense Competition for Sichuan Banking Institutions in September 2019. 2nd ranking in “2018 Most Competitive City Commercial Bank with Total Assets less than RMB100 billion (2018年度資產規模1,000億元以下城市商業銀行競爭力排名第二名)” and “Best Strategic Management City Commercial Bank (最佳戰略管理城市商業銀行)” granted in the awards for Chinese most competitive commercial banks in 2019 sponsored by the Banker (銀行家) magazine in November 2019. “Best Mobile Banking Innovation Award” granted by China Financial Certification Center (CFCA) in December 2019. “2019 regional service leader bank” granted by Hexun financial bank summit in December 2019. 4 Luzhou Bank • ANNUAL REPORT 2019 Accounting Data and Financial Indicators Summary Unit: RMB’000 Year-on- Item 2019 2018 year change 2017 2016 2015 Operating results change (%) Net interest income 2,718,125 1,772,398 53.36 1,574,335 1,155,636 885,201 Net fee and commission income 5,085 1,868 172.22 (1,890) 495 2,505 Operating income 2,806,631 1,934,088 45.11 1,679,956 1,306,982 942,180 Operating expenses (1,036,331) (686,928) 50.86 (543,168) (437,427) (273,227) Expected credit losses/Impairment losses on assets (944,739) (396,810) 138.08 (324,846) (155,669) (89,136) Profit before tax 829,648 853,990 (2.85) 814,486 716,800 587,646 Net profit 633,912 658,307 (3.71) 618,703 542,084 451,475 Net profit attributable to our shareholders 633,912 658,307 (3.71) 618,703 542,084 451,475 Per share (RMB) change Net assets per share attributable to our shareholders(1) 3.04 2.92 0.12 2.65 2.77 2.53 Basic earnings per share(2) 0.28 0.40 (0.12) 0.38 0.35 0.52 Diluted earnings per share 0.28 0.40 (0.12) 0.38 0.35 0.52 Year-on- Item 2019 2018 year change 2017 2016 2015 Scale indicators (RMB’000) change (%) Total assets 91,680,621 82,549,815 11.06 70,879,436 53,280,661 31,763,629 Of which: loans and advances to customers, net(3) 43,298,734 30,486,354 42.03 18,833,833 14,159,076 9,703,381 Total liabilities 84,791,112 76,183,029 11.30 66,543,721 49,273,247 28,479,524 Of which: deposits from customers 61,436,960 52,385,604 17.28 42,145,297 31,018,756 20,383,361 Share capital 2,264,793 2,182,933 3.75 1,637,193 1,448,844 1,297,619 Equity attributable to our shareholders 6,889,509 6,366,786 8.21 4,335,715 4,007,414 3,284,105 Total equity 6,889,509 6,366,786 8.21 4,335,715 4,007,414 3,284,105 Profitability indicators (%) change Return on average total assets(4) 0.73 0.86 (0.13) 1.00 1.27 1.65 Return on average equity(5) 9.47 14.66 (5.19) 14.83 14.87 19.68 Net interest spread(6) 2.85 2.43 0.42 2.55 3.19 3.57 Net interest margin(7) 3.08 2.53 0.55 2.65 3.24 3.76 Net fee and commission income to operating income(8) 0.18 0.10 0.08 (0.11) 0.04 0.27 Cost-to-income ratio(9) 35.95 34.54 1.41 31.89 31.46 24.27 Asset quality indicators (%) change NPL ratio 0.94 0.80 0.14 0.99 0.53 0.30 Allowance coverage ratio 349.78 319.36 30.42 294.49 486.63 920.63 Allowance to gross loan ratio 3.28 2.54 0.74 2.93 2.58 2.75 ANNUAL REPORt 2019 • Luzhou Bank 5 Accounting Data and Financial Indicators Summary Year-on- Item 2019 2018 year change 2017 2016 2015 Capital adequacy indicators (%) change Core tier-one capital adequacy ratio(10) 9.31 10.69 (1.38) 10.40 12.68 17.53 Tier-one capital adequacy ratio(10) 9.31 10.69 (1.38) 10.40 12.68 17.53 Capital adequacy ratio(10) 12.09 13.29 (1.20) 13.69 13.62 18.58 Other indicators (%) change Liquidity ratio 83.72 73.40 10.32 48.42 44.99 57.72 Notes: (1) Net assets per share attributable to our shareholders = (equity attributable to our shareholders – other equity instruments)/the number of ordinary shares at the end of the period. (2) Basic earnings per share are calculated by dividing the net profit for the year/period attributable to shareholders of the Bank by the weighted average number of ordinary shares during the period. (3) Net loans and advances to customers = total loan and advances to customers – impairment allowance on loans and advances to customers. (4) Return on average total assets = net profit/the average balance of total assets at the beginning and the end of the period. (5) Return on average equity = net profit attributable to our shareholders of ordinary shares/the weighted average balance of equity attributable to our shareholders of ordinary shares at the beginning and the end of the period. (6) Net interest spread = the average yield on interest-earning assets – the average cost of interest-bearing liabilities.